Five years of Note Ban: Demonetisation trending on Twitter
Hyderabad: “Mitron aaj raat 12 baje se…” this line on this day about five years ago shook and surprised the nation. On November 8, 2016, the Central government made a sudden announcement of demonetization of Rs 500 and Rs 1,000 notes. This move was intended to cull black money and invalidated 86 per cent of […]
Hyderabad: “Mitron aaj raat 12 baje se…” this line on this day about five years ago shook and surprised the nation.
On November 8, 2016, the Central government made a sudden announcement of demonetization of Rs 500 and Rs 1,000 notes. This move was intended to cull black money and invalidated 86 per cent of India’s currency with just a few hours of notice.
This led to a long and inconvenient journey for the next two months for the common citizens. Indians had to stand in long queues at the banks and get their old notes exchanged with new ones. This inconvenience, according to the Prime Minister Narender Modi, was to ‘clean’ India from all the black money that has been stored away and to ‘benefit’ the poor.
What this whole exercise has achieved is still being debated and on its fifth anniversary Twitteratis are going all out expressing what demonetization has done.
While some are sharing facts about what kind of impact this exercise has on the cash economy of the country, some are sharing memes on how Rs 500 and Rs 1,000 got separated on this fateful day five years ago.
In addition, Paytm announced the opening of its IPO on the fifth anniversary of demonetisation making everyone wonder if it is a tribute or coincidence.
Here are some of the Tweets:
